EVENT: The shareholders' meeting on June 30 of PKO Bank Polski decided to pay a dividend on profits made in 2008. SIGNIFICANCE: Such a decision will bring the Polish budget a much-appreciated inflow of revenues, but raises questions about the bank's stability amid the economic crisis. The loss of cash will affect loans, which may in turn have a negative impact on producers. Yet again the government is facing budget problems and has not started the necessary reforms to make its fiscal position more stable.

This item is an executive summary, a short paragraph which by its nature has no summary. Keywords: EE, EUR, Poland, EU, economy, industry, politics, banking, corporate, debt, fiscal, government, policy, public sector, reform, constitution, election, equities, exchange rate, finance, foreign investment, growth, pensions, privatisation, welfar